Like Canada, Africa’s largest car producer braces for job and export losses as world’s $32 trillion economy moves to end duty-free access, but China cannot save either country
Published . Updated .
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South Africa and Canada, two major economies on opposite ends of the globe, continue to find themselves on the receiving end of the Trump administrations tariff policies, which threaten their automotive industries and thousands of jobs, with China, their go-to partner for
Directly affected
- No company is named in this report.
Indirectly affected
- CARZ First Trust S-Network Future Vehicles & Technology ETF
First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “car” (autos) in this story.
- XLY Consumer Discretionary Select Sector SPDR+5.7% 30d
Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “car” (autos) in this story.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- KWEB KraneShares CSI China Internet ETF-8.2% 30d
KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “china” (Chinese tech) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- FXI iShares China Large-Cap ETF-5.1% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- CAT Caterpillar-31.9% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-2.2% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CARZ | +10.62% | +10.62% | base | after close | after close | after close | after close |
| XLY | +0.50% | +4.03% | base | after close | after close | after close | after close |
| XLIPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| KWEBPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| EWC | +1.43% | +3.07% | base | after close | after close | after close | after close |
| FXIPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| CATPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| DEPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Like Canada, Africa’s largest car producer braces for job and export losses as world’s $32 trillion economy moves to end duty-free access, but China cannot save either country Business Insider Africa
Source: Business Insider Africa
This story
| Company | When | Move | Status |
|---|---|---|---|
| CARZ | three days earlier | +10.62% | final price |
| CARZ | five days earlier | +10.62% | final price |
| EWC | three days earlier | +3.07% | final price |
| EWC | five days earlier | +1.43% | final price |
| XLY | three days earlier | +4.03% | final price |
| XLY | five days earlier | +0.50% | final price |
This story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Like Canada, Africa’s largest car producer braces for job and export losses as world’s $32 trillion economy moves to end duty-free access, but China cannot save either country” scores 12 out of 100. The score uses 1 sources.